The Time Is Now

Whether you are looking
into new construction or a resale, the benefits of getting into a new home far
out weigh the minor inconveniences that come along with a move. While moving can be a very big investment in
both time and money, it can also be very enjoyable (especially with us here at
RE/MAX Heartland) and come along with some great perks! These perks can include:

·
Tax
deductions·
Equity·
Pride·
PrivacyTax Deductions[1]:Mortgage interest,
points, real estate taxes, and PMI (Private Mortgage Insurance) are some examples
of where you can reduce the amount you owe to the dreaded taxman. Mortgage interest is one of the biggest areas
you can save money. You can deduct interest
on up to $1 million of debt used to acquire your home. Points are something you may have to pay to
your lender in order to get a mortgage and are deductible as
interest as long as the cash you paid at closing in your down payment equals
the points. (For example, if you paid
one point (1%) on a $400,000 mortgage, that equals $4,000, so you would have to
bring $4,000 to closing.) Local real
estate taxes, or property taxes, in the amount that was paid during the year
are also deductible. Lastly, if you are
in need of PMI, you can deduct the premiums.
Equity:
This is the difference between the amount of
money you can sell your house for and what you actually owe on the
mortgage. Each month you make a mortgage
payment, the more equity you accrue. Having
higher equity can help you in many ways.

Pride:
A sense of pride comes with owning a home. You can show it off to your friends,
relatives, co-workers, and even neighbors!
Most of all, you get to show it off to yourself everyday.
Privacy:
You’ll never have to hear the downstairs or
upstairs neighbors talking, walking, jogging, running, or partying anymore! You can live in peace and quiet without being
interrupted.
SO…while moving into a new home can be stressful
at first, the benefits at the end of the day balance them out so you can enjoy
your new adventure!

Sue specializes in both listing and selling with an array of Real Estate services and with the expertise necessary to assist clients as they realize their real estate goals. She prides herself on put....